* EFG Private Bank Luxembourg is live with GLOBAL PORTFOLIO II and its Web module.
* CheckFree Corporation announces revenues of $124.6 million for the third quarter.
* Thomson Financial and Advent technologies are trying to level the information and technology playing field for investment managers.

* Thomson Financial partners with CCN and Fair Disclosure Network to provide conference call summaries and transcripts.
* Capital IQ and The Deal form a strategic alliance for future products and initiatives.
* Ed Mollahan is appointed to the Private Equity Standards Board.

* Bonaire Software Solutions announced a strategic alliance with Javelin Technologies.
* Close Brothers Limited selects GIS and its product, MFACT for its mutual-fund accounting and administration services.
* TD Waterhouse Institutional Services and Advent announce they have formed an alliance.

* BrokerTec Clearing Company and GSCC announce that cross-margining between the two clearing organizations will begin April 19, 2002.
* Computer Sciences Corporation's operations and Wilco International announce that they enter into a strategic-alliance.
* James J. Mitchell, president of WWOT plans to retire on May 31, 2002; Timothy J. Theriault, executive vice president and chief technology officer, will succeed him.

Outsourcing becomes a hot topic in the investment management industry, because of market downturn and intensified competition for assets; investment managers are evaluating their core competencies and looking to hand off those areas which are unnecessary to keep in-house.

Credit Suisse First Boston's Chief Information Officer Frank Fanzilli announces his plans to leave the firm. CSFB announces a major restructuring of its information technology organization via an internal memo sent to the firm's 28,000 employees.

Following the announcement of major restructuring, the GSTPA's Steven Crosby answered questions at a recent industry conference about the future of Axion4, new outsourcing plans and the utility's financial condition.

* Meridien finds that in order to comply with new requirements, financial services firms need to enhance risk-management systems to support operational- and credit-risk initiatives.
* Daishin Securities selects Kamakura's Kamakura Risk Manager-VaR for its market risk analysis.
* The Professional Risk Managers' International Association forms a new regional chapter in Venezuela.

* Indata announces that The Renaissance Group is now live with the Indata I.M.S. for Windows system.
* CheckFree Investment Services announces availability of MSP.
* Brut LLC implements the Financial Fusion Server with GlobalFIX in its production facilities.

* CME and GSCC announce that cross-margining between the two clearing organizations will begin on April 12.
* JPMorgan announces that the FIA appoints JPMorgan Investor Services as global custodian.
* Pat Loret de Mola, of TSI, announces that its electronic-settlement solution receives a Microsoft Tech-Ed Business Productivity Award in the Best Cross-Product Integration category.

William O'Conor has to figure out how to combine the vast array of Thomson's technology solutions and turn them into an integrated wealth-management platform that attracts firms looking to service the growing high-net-worth space.

Bringing back memories of the Barings fall in the 1990s, major losses at Allfirst and Lehman Brothers highlight the importance of risk management and the attention financial firms should be paying to internal threats.